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Sold on 02/14/2025

806 Phelps St, Sterling, CO 80751

$105,000

Last sold 02/14/2025 after 60 Days

  • —

    bed

  • —

    bath

Multi-family not for sale
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About 806 Phelps St

Property type Multi-family
Year built 1975
HOA fee $0/month
Lot size 0.57 Acre
Rental estimate
Property description
This property offers a prime investment opportunity featuring one lot with a mobile home included in the sale, plus three additional lots currently rented out for $275/month each. The included mobile home has been well-maintained with recent upgrades, including a new water heater, new furnace, replaced a sink faucet, new gas line valve, fully insulated the water system and new skirting on the exterior, ensuring long-term durability and comfort. With stable rental income and a turnkey setup, this property is ideal for investors or those seeking a home with additional revenue streams. Don't miss out on this versatile and profitable income property! Schedule a showing today!
Listed by
Listing Agent - Erin Debus
Listing Agent Contact: 9705222009
Listing Office - Town Square Realty
Source: IRESMLS mls logo
MLS#1023486 • last updated 11 months ago
Movoto checked IRESMLS for data 10 minutes ago
Overview
Heating Forced Air
Levels/Style One
MLS # 1023486
Type Residential Income
Status Sold
Lot Size (Acres) 0.57
Annual Tax 65.3
Interior
Basement None
Exterior
Roof Composition
Construction Frame
Patio & Porch Deck
Amenities / Utilities
Utilities Natural Gas Available, Electricity Available
Sewer/ Septic Public Sewer
Electricity Xcel
Water Source City
Appliances Electric Range, Refrigerator
Location
View City
County Logan
Subdivision BOWLING GREEN
Middle School Sterling
High School District Valley RE 1
APN 38052531115015
Multifamily Details
Tenant Pays Deposit, Gas, Electricity, Water, Sewer
Total # of Units 4
Cap Rate 19.3
Operating Expense 65.3
Gross Income 21300
Lot/ Land Details
Possible Use Mobile Homes
Road Frontage City Street
Road Surface Asphalt
Rental est.: $1,167/month
Gross rent multiplier: 7.5 - Good
  • Feb 2025
    mls logo MLS # 1023486
  • Feb 14, 2025 Sold
    $105,000
  • Jan 3, 2025 Pending
    —
  • Dec 16, 2024 Listed
    $110,000 (+17.5%)
  • Feb 2025
    Public Records
  • Feb 14, 2025 Sold
    $105,000 (-4.5%)
  • Dec 2024
    mls logo MLS # IR1023486
  • Dec 16, 2024 Listed
    $110,000
  • Nov 2022
    Public Records
  • Nov 4, 2022 Sold
    $93,600
  • Year Property taxes Tax assessment
  • 2025
    $314 +312.4%
    $3,750 +3.59%
  • 2024
    $76 +16.8%
    $3,620 -28.74%
  • 2023
    $65 -84.7%
    $5,080 -2.87%
  • 2022
    $428 -31.9%
    $5,230
  • 2021
    $628 +91.7%
    $5,230 -32.78%
  • 2020
    $328 -33.1%
    $7,780
  • 2019
    $490
    $7,780
  • 806 Phelps St
    $105K
  • —
  • 80751
    $235K -12% y/y
  • Sterling
    $235K -12% y/y
No chart available
Statistics calculated by Movoto

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4/10
Campbell Elementary School
public Grades 3-5
Valley Re-1 School District
N/A
Ayres Elementary School
public Grades K-2
Valley Re-1 School District
5/10
Sterling Middle School
public Grades 6-8
Valley Re-1 School District
4/10
Sterling High School
public Grades 9-12
Valley Re-1 School District
Source: GreatSchools.org © 2026. All rights reserved.

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